• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Hero Background
    English
    Chinese
    French
    Japanese
    Korean
    German
    Spanish

    US Green Steel Market Trends

    ID: MRFR/CnM/12428-HCR
    111 Pages
    Chitranshi Jaiswal
    October 2025

    US Green Steel Market Research Report Information By Production Technology (Renewable – Electric Arc Furnace (R-EAF), Hydrogen Direct Reduced Iron (DRI) – EAF, and Molten Oxide Electrolysis (MOE)), By Application (Building & Construction, Automotive, Renewable Energy Infrastructure, Home Appliances, and Others), - Market Forecast Till 2035.

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    US Green Steel Market Infographic
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    Market Trends

    Key Emerging Trends in the US Green Steel Market

    The US Green Steel Market is currently witnessing transformative trends that underscore the industry's commitment to sustainability and environmental responsibility. One prominent trend is the increasing adoption of green steel production methods, specifically through the use of renewable energy sources and low-carbon technologies. As the demand for sustainable practices rises, steel manufacturers are investing in technologies that reduce carbon emissions, such as electric arc furnaces powered by renewable energy. This trend reflects the industry's response to the global push for decarbonization and the shift towards more environmentally friendly steel production processes.

    Moreover, the circular economy is influencing market trends in the US Green Steel Market. The emphasis on recycling and reusing materials is driving innovations in steel manufacturing. Scrap-based production methods, where recycled steel is utilized as a primary raw material, are gaining prominence. This trend aligns with the broader goals of reducing the environmental impact of steel production, conserving resources, and minimizing waste. Green steel manufacturers are actively participating in circular economy initiatives to create a more sustainable and efficient steel production cycle.

    Technological advancements in green steel production are shaping market dynamics. The development of breakthrough technologies, such as hydrogen-based direct reduction processes, is gaining attention in the industry. These processes aim to replace traditional coal-based methods with hydrogen, resulting in a significant reduction in carbon emissions. The integration of innovative technologies is essential for achieving the ambitious carbon reduction targets set by the steel industry and aligning with global efforts to combat climate change.

    Government initiatives and regulations are playing a pivotal role in shaping the US Green Steel Market. Supportive policies, incentives, and regulatory frameworks that encourage the adoption of green and low-carbon steel production methods are driving market trends. As governments prioritize environmental sustainability, green steel manufacturers benefit from policies that promote cleaner technologies, renewable energy usage, and carbon reduction initiatives. Regulatory compliance is becoming a key factor in the strategic planning of green steel producers.

    The construction and infrastructure sectors are contributing significantly to the demand for green steel in the US. The growing awareness of the environmental impact of construction materials has led to a surge in demand for sustainably produced steel. Green steel, with its lower carbon footprint, is becoming a preferred choice for infrastructure projects, building construction, and sustainable urban development. This trend reflects the increasing influence of green building standards and sustainable construction practices on the steel market.

    Investments and collaborations are driving growth in the US Green Steel Market. Companies are actively seeking partnerships, forming alliances, and attracting investments to accelerate research, development, and deployment of green steel technologies. Collaboration between steel manufacturers, technology providers, and investors is crucial for scaling up green steel production capacities and making sustainable steel a mainstream choice in the market. These investments demonstrate the industry's commitment to driving innovation and achieving long-term environmental goals.

    Supply chain transparency and eco-labeling are emerging trends in the US Green Steel Market. Consumers and businesses are increasingly conscious of the environmental impact of the products they use. Green steel producers are responding to this trend by providing transparent information about the carbon footprint of their products and obtaining eco-label certifications. These initiatives enhance market trust, allowing consumers and businesses to make informed choices that align with their sustainability goals.

    E-commerce and digitalization are influencing the distribution channels of green steel products in the US. Online platforms are becoming important channels for green steel manufacturers to reach a wider audience, provide product information, and facilitate transactions. The accessibility of green steel products through e-commerce platforms contributes to increased market awareness and adoption, especially among environmentally conscious consumers and businesses.

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

    Leave a Comment

    FAQs

    How much is the green steel market?

    The US Green Steel market size was valued at USD 2.39 Billion in 2024.

    What is the growth rate of the green steel market?

    US Green Steel Market is expected to grow with a CAGR of 50.5% in the period 2025-2035

    Who are the key players in the green steel market?

    The key players in the market are Ansteel Group (China), Boston Metal(U.S.), Cleveland-Cliffs (U.S.), H2 Green Steel(U.S.), Nippon Steel Corporation (Japan), China Baowu Group(China), ArcelorMittal(Luxembourg), Nucor Corporation (U.S.), Steel Dynamics, Inc. (U.S.), and United States Steel Corporation (U.S.).

    Which production technology led the green steel market?

    The renewable – electric arc furnace (R-EAF) category dominated the market in 2024.

    Which application had the largest market share in the green steel market?

    The automotive category had the largest share in the market.

    What is the estimated market size of the US Green Steel Market in 2024?

    The US Green Steel Market is expected to be valued at 349.2 million USD in the year 2024.

    What is the expected CAGR for the US Green Steel Market from 2025 to 2035?

    The US Green Steel Market is anticipated to exhibit a compound annual growth rate of 25.344% from 2025 to 2035.

    Who are the key players in the US Green Steel Market?

    Major players in the US Green Steel Market include Clearway Energy, Nucor, ClevelandCliffs, and U.S. Steel.

    What market value is attributed to the Hydrogen-Based Reduction method in 2024?

    The Hydrogen-Based Reduction method is valued at 100.0 million USD in the year 2024.

    What is the expected market value for Recycling in the US Green Steel Market by 2035?

    The Recycling method is anticipated to reach a market value of 1220.0 million USD by the year 2035.

    What is the market size for Electrolysis in 2024?

    Electrolysis is valued at 80.0 million USD in the US Green Steel Market for the year 2024.

    What growth opportunities exist within the US Green Steel Market?

    Opportunities in the US Green Steel Market are driven by increasing demand for sustainable steel production methods.

    What challenges does the US Green Steel Market face?

    Challenges within the US Green Steel Market include the high production costs associated with green steel technologies.

    How does the US Green Steel Market growth compare regionally?

    The US Green Steel Market is experiencing rapid growth, likely reflecting trends in sustainable practices and regulations in the region.

    Which production method in the US Green Steel Market is expected to have the highest valuation in 2035?

    Hydrogen-Based Reduction is expected to have the highest valuation of 1200.0 million USD in 2035.

    Who are the major players in the US Green Steel Market?

    Key players in the US Green Steel Market include Gerdau, ArcelorMittal, Steel Dynamics, and Nucor among others.

    What market size is attributed to the Recycling method of production in 2024?

    The Recycling method of production in the US Green Steel Market is valued at 109.2 million USD in 2024.

    What forecasted growth rate is expected for the Biomass Direct Reduction method through 2035?

    The Biomass Direct Reduction method is anticipated to grow to a market value of 800.0 million USD by 2035.

    What challenges does the US Green Steel Market currently face?

    The US Green Steel Market faces challenges related to production technology costs and market volatility.

    How does the current global scenario impact the US Green Steel Market?

    The current global scenario impacts the US Green Steel Market through heightened demand for sustainable production practices.

    Market Summary

    As per MRFR analysis, the US Green Steel Market Size was estimated at 2.386 USD Million in 2024. The US Green Steel industry is projected to grow from 3.591 USD Million in 2025 to 214.14 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 50.5 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US Green Steel Market is poised for substantial growth driven by technological advancements and increasing consumer demand for sustainable practices.

    • Technological advancements in production processes are enhancing efficiency and reducing emissions in the US Green Steel Market.
    • North America remains the largest market, while the Asia-Pacific region is emerging as the fastest-growing area for green steel production.
    • The hydrogen-based reduction segment dominates the market, whereas the recycling segment is experiencing rapid growth due to rising sustainability concerns.
    • Key market drivers include government regulations and policies promoting eco-friendly practices, alongside increasing investment in sustainable infrastructure.

    Market Size & Forecast

    2024 Market Size 2.386 (USD Million)
    2035 Market Size 214.14 (USD Million)
    CAGR (2025 - 2035) 50.5%
    Largest Regional Market Share in 2024 North America

    Major Players

    <p>Nucor Corporation (US), Steel Dynamics, Inc. (US), United States Steel Corporation (US), Cleveland-Cliffs Inc. (US), Commercial Metals Company (US), TimkenSteel Corporation (US), Gerdau Ameristeel Corporation (US), SSAB Americas (US)</p>

    Market Trends

    The US Green Steel Market is currently experiencing a transformative phase, driven by a growing emphasis on sustainability and environmental responsibility. As industries increasingly prioritize carbon reduction, the demand for green steel, produced with lower emissions, appears to be on the rise. This shift is not merely a trend but reflects a broader commitment to combating climate change. Companies are investing in innovative technologies and processes that facilitate the production of steel with minimal environmental impact. Furthermore, regulatory frameworks are evolving, encouraging manufacturers to adopt greener practices. In addition to regulatory support, consumer preferences are shifting towards sustainable products, which further propels the US Green Steel Market. Stakeholders across various sectors, including construction and automotive, are recognizing the importance of sourcing materials that align with environmental goals. This growing awareness is likely to foster collaboration among industry players, leading to advancements in green steel production methods. As the market continues to evolve, it may witness increased competition and investment, ultimately contributing to a more sustainable future for the steel industry.

    Technological Advancements in Production

    Innovations in production techniques are reshaping the US Green Steel Market. New methods, such as hydrogen-based steelmaking, are emerging, which could significantly reduce carbon emissions compared to traditional processes. These advancements not only enhance efficiency but also align with the industry's sustainability goals.

    Regulatory Support and Incentives

    Government policies are increasingly favoring green initiatives, providing incentives for companies to transition towards sustainable practices. This regulatory environment is likely to accelerate the adoption of green steel, as manufacturers seek to comply with new standards and benefit from potential subsidies.

    Rising Consumer Demand for Sustainability

    There is a noticeable shift in consumer preferences towards environmentally friendly products. As awareness of climate issues grows, industries are compelled to source sustainable materials, including green steel. This trend may drive further investment and innovation within the market.

    US Green Steel Market Market Drivers

    Global Supply Chain Resilience

    The US Green Steel Market is also affected by the need for global supply chain resilience. Recent disruptions have highlighted vulnerabilities in traditional supply chains, prompting manufacturers to seek more sustainable and reliable sources of raw materials. This shift is leading to an increased focus on local sourcing and the development of circular economy practices. By utilizing recycled materials and reducing dependency on imported steel, the industry can enhance its sustainability profile. This trend not only supports the growth of the US Green Steel Market but also aligns with broader efforts to create a more resilient and sustainable economy.

    Government Regulations and Policies

    The US Green Steel Market is significantly influenced by government regulations and policies aimed at reducing carbon emissions. Legislative measures, such as the Clean Air Act and various state-level initiatives, are pushing steel manufacturers to adopt greener practices. The Biden administration's commitment to achieving net-zero emissions by 2050 further underscores the urgency for the industry to transition towards sustainable practices. Financial incentives, such as tax credits for low-carbon steel production, are also being introduced to encourage investment in green technologies. This regulatory environment is likely to accelerate the shift towards greener steel production methods.

    Technological Innovations in Steel Production

    The US Green Steel Market is experiencing a surge in technological innovations that enhance the efficiency and sustainability of steel production. Advanced methods such as electric arc furnaces and hydrogen-based reduction processes are gaining traction. These technologies not only reduce carbon emissions but also improve energy efficiency. For instance, the adoption of electric arc furnaces can lead to a reduction of up to 75% in greenhouse gas emissions compared to traditional blast furnaces. As these technologies become more mainstream, they are likely to reshape the competitive landscape of the US Green Steel Market, making it more attractive for investors and manufacturers alike.

    Consumer Preferences for Eco-Friendly Products

    The US Green Steel Market is witnessing a shift in consumer preferences towards eco-friendly products. As awareness of climate change and environmental issues grows, consumers are increasingly demanding sustainable options in various sectors, including construction and automotive. This trend is compelling manufacturers to source green steel, which is produced with lower carbon footprints. Market Research Future indicates that nearly 70% of consumers are willing to pay a premium for products made from sustainable materials. This consumer behavior is likely to drive the demand for green steel, thereby influencing the dynamics of the US Green Steel Market.

    Increasing Investment in Sustainable Infrastructure

    The US Green Steel Market is poised for growth due to increasing investments in sustainable infrastructure. The Biden administration's infrastructure plan allocates substantial funding for green projects, which includes the use of green steel in construction and manufacturing. This investment is expected to create a robust demand for low-carbon steel products, as stakeholders seek to meet sustainability goals. According to estimates, the demand for green steel could reach 20 million tons by 2030, driven by infrastructure projects that prioritize environmentally friendly materials. This trend indicates a promising future for the US Green Steel Market.

    Market Segment Insights

    By Method of Production: Hydrogen-Based Reduction (Largest) vs. Recycling (Fastest-Growing)

    <p>In the US Green Steel Market, the method of production segment is primarily dominated by Hydrogen-Based Reduction, which is witnessing a significant share due to its efficiency and sustainability. Recycling is quickly gaining traction and is recognized as the fastest-growing method, reflecting a shift towards circular economy practices within the steel industry. Electrolysis and Biomass Direct Reduction also contribute to the segment but command a smaller share compared to the leading methods, highlighting the evolving dynamics of steel production technologies in the United States.</p>

    <p>Hydrogen-Based Reduction (Dominant) vs. Recycling (Emerging)</p>

    <p>Hydrogen-Based Reduction has established itself as the dominant method of production in the US Green Steel Market due to its potential to reduce carbon emissions significantly while producing high-quality steel. This method leverages hydrogen as a reductant instead of carbon, offering a cleaner alternative. On the other hand, Recycling is emerging as a vital player within this segment, appealing to industries focused on sustainability. The growth in Recycling is driven by advancements in technology and an increasing emphasis on resource conservation. Both methods represent the industry's commitment to sustainability, but Hydrogen-Based Reduction leads in technology adoption, while Recycling captures the zeitgeist of resource efficiency.</p>

    By End Use Industry: Construction (Largest) vs. Automotive (Fastest-Growing)

    <p>In the US Green Steel Market, the construction industry dominates the end-use segment, capturing a significant share due to its extensive reliance on steel for infrastructure development and building projects. Following closely, the automotive sector is rapidly gaining traction as manufacturers increasingly shift towards sustainable materials, recognizing the environmental and regulatory pressures to lower carbon emissions in vehicle production. Together, these segments significantly shape the demand dynamics within the green steel market.</p>

    <p>Construction (Dominant) vs. Automotive (Emerging)</p>

    <p>The construction segment stands as the dominant player in the US green steel market, driven by ongoing urbanization and infrastructure enhancement initiatives. Its preference for green steel stems from increased awareness of sustainability and the benefits associated with eco-friendly materials. Meanwhile, the automotive industry is emerging as a vibrant segment, focusing on innovation and meeting regulatory demands for greener production methods. This sector's adoption of green steel can be attributed to evolving consumer preferences for electric vehicles and high-performance cars, propelling demand for sustainable manufacturing practices.</p>

    By Form: Flat Steel (Largest) vs. Long Steel (Fastest-Growing)

    <p>In the US Green Steel Market, flat steel comprises the largest share, driven by its extensive applications in automotive, construction, and electrical sectors. This segment benefits from the increasing demand for lightweight and sustainable materials, making it a key player in the green transition. Long steel, while currently smaller in market share, is rapidly growing as it finds innovative uses in infrastructure projects and renewable energy applications, appealing to customers seeking sustainable options.</p>

    <p>Flat Steel (Dominant) vs. Long Steel (Emerging)</p>

    <p>Flat steel is renowned for its versatility and is widely used in manufacturing various products from automotive components to appliances and construction materials. Its dominant position in the market is fortified by ongoing innovation in production processes, enhancing its sustainability profile. On the other hand, long steel, including products like rebar and wire rods, is emerging prominently due to its critical role in infrastructure development and green construction initiatives. The focus on renewable energy projects and urban development is propelling its demand, encouraging manufacturers to adopt greener practices.</p>

    By Quality Grade: High Strength Steel (Largest) vs. Stainless Steel (Fastest-Growing)

    <p>In the US Green Steel Market, High Strength Steel stands out as the largest segment, commanding significant market share due to its widespread application across various industries such as automotive and construction. Its superior strength-to-weight ratio makes it a preferred choice for manufacturers looking to enhance efficiency and sustainability. Conversely, Stainless Steel, while currently smaller in terms of market share, is recognized as the fastest-growing segment, driven by its favorable properties such as corrosion resistance and suitability for green building applications. Growth trends in the quality grade segment are heavily influenced by the increasing focus on sustainability and emissions reduction in steel production. As industries are shifting towards greener practices, High Strength Steel is gaining traction for its lightweight advantages, while Stainless Steel is witnessing a surge in demand from sectors prioritizing eco-friendly materials. This reflects a broader shift in the market landscape, emphasizing quality and sustainability in steel production.</p>

    <p>High Strength Steel (Dominant) vs. Low Alloy Steel (Emerging)</p>

    <p>High Strength Steel is the dominant force in the US Green Steel Market, known for its exceptional performance in demanding applications like automotive and infrastructure. Its ability to reduce weight while maintaining structural integrity makes it a vital material for manufacturers aiming to enhance vehicle efficiency and reduce carbon footprints. In contrast, Low Alloy Steel, classified as an emerging segment, is gaining momentum due to its versatility and cost-effectiveness. As industries explore new avenues for sustainable production, Low Alloy Steel presents a solid alternative that balances performance with environmental considerations, positioning it well for growth in the evolving green landscape.</p>

    Get more detailed insights about US Green Steel Market Research Report - Forecast by 2035

    Regional Insights

    North America : Green Steel Innovation Hub

    The North American green steel market is driven by increasing demand for sustainable manufacturing practices and stringent environmental regulations. The U.S. holds the largest market share at approximately 65%, followed by Canada at around 20%. Key drivers include government incentives for carbon reduction and investments in renewable energy sources, which are catalyzing growth in the sector. The push for decarbonization is further supported by initiatives from the Biden administration aimed at reducing greenhouse gas emissions. The competitive landscape is dominated by major players such as Nucor Corporation, Steel Dynamics, and United States Steel Corporation, which are investing heavily in green technologies. These companies are focusing on electric arc furnace (EAF) technology to produce steel with lower carbon footprints. The presence of these key players, along with ongoing research and development, positions North America as a leader in the green steel market.

    Europe : Sustainable Steel Leadership

    Europe is emerging as a The US Green Steel, driven by ambitious climate goals and regulatory frameworks aimed at reducing carbon emissions. The European Union's Green Deal and Fit for 55 package are pivotal in shaping the market, with the EU aiming for a 55% reduction in emissions by 2030. Germany and Sweden are the largest markets, holding approximately 30% and 25% shares, respectively. The regulatory environment is fostering innovation and investment in green technologies, making Europe a hub for sustainable steel production. Leading countries in this region include Germany, Sweden, and Finland, where companies like SSAB and Thyssenkrupp are pioneering green steel initiatives. The competitive landscape is characterized by collaborations between steel producers and technology firms to develop hydrogen-based steelmaking processes. This collaborative approach is expected to enhance the region's capacity to meet future steel demands sustainably, positioning Europe at the forefront of the green steel transition.

    Asia-Pacific : Emerging Green Steel Market

    The Asia-Pacific region is witnessing a burgeoning interest in green steel, driven by rapid industrialization and increasing environmental awareness. Countries like Japan and South Korea are leading the charge, with market shares of approximately 25% and 20%, respectively. The region's growth is fueled by government initiatives promoting sustainable practices and investments in clean technologies. Regulatory frameworks are gradually evolving to support the transition towards greener steel production, although challenges remain in terms of infrastructure and technology adoption. The competitive landscape features key players such as POSCO and Nippon Steel, which are exploring innovative methods to reduce carbon emissions in steel production. Collaborations between governments and private sectors are essential for advancing green steel technologies. As the region continues to prioritize sustainability, the demand for green steel is expected to rise significantly, aligning with global trends towards decarbonization.

    Middle East and Africa : Resource-Rich Steel Potential

    The Middle East and Africa region is at the nascent stage of developing a green steel market, driven by abundant natural resources and a growing focus on sustainability. Countries like South Africa and the UAE are beginning to explore green steel initiatives, with market shares of approximately 15% and 10%, respectively. The region's growth is supported by government policies aimed at diversifying economies and reducing carbon footprints. However, the market faces challenges such as limited technological infrastructure and investment in green technologies. Key players in this region include ArcelorMittal and Emirates Steel, which are exploring sustainable practices in steel production. The competitive landscape is evolving, with increasing interest from international investors looking to tap into the region's potential. As awareness of environmental issues grows, the demand for green steel is expected to rise, paving the way for future developments in the sector.

    Key Players and Competitive Insights

    The US Green Steel Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for sustainable steel production and stringent environmental regulations. Major players such as Nucor Corporation (US), Steel Dynamics, Inc. (US), and United States Steel Corporation (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Nucor Corporation (US) emphasizes innovation in electric arc furnace technology, which allows for lower emissions and energy consumption. Steel Dynamics, Inc. (US) focuses on regional expansion and optimizing its supply chain to improve efficiency and reduce costs. United States Steel Corporation (US) is actively pursuing partnerships aimed at advancing its sustainability initiatives, thereby shaping a competitive environment that prioritizes eco-friendly practices.

    In terms of business tactics, companies are increasingly localizing manufacturing to reduce transportation emissions and enhance supply chain resilience. The market appears moderately fragmented, with several key players exerting influence through strategic collaborations and technological advancements. This collective approach not only fosters competition but also encourages innovation across the sector, as companies strive to differentiate themselves in a rapidly evolving landscape.

    In August 2025, Nucor Corporation (US) announced a significant investment in a new electric arc furnace facility in Texas, aimed at increasing its production capacity for green steel. This strategic move is likely to bolster Nucor's position as a leader in sustainable steel manufacturing, aligning with the growing demand for environmentally friendly products. The facility is expected to utilize renewable energy sources, further enhancing its sustainability profile and potentially setting a benchmark for the industry.

    In September 2025, Steel Dynamics, Inc. (US) unveiled a partnership with a leading technology firm to integrate advanced AI solutions into its production processes. This initiative is anticipated to optimize operational efficiency and reduce waste, thereby reinforcing Steel Dynamics' commitment to sustainability. The integration of AI could also provide a competitive edge by enabling more precise forecasting and inventory management, which are crucial in a market that values agility and responsiveness.

    In July 2025, United States Steel Corporation (US) launched a new initiative aimed at reducing its carbon footprint by 50% by 2030. This ambitious goal underscores the company's commitment to sustainability and positions it favorably among environmentally conscious consumers and investors. The initiative includes investments in carbon capture technologies and renewable energy, which may enhance the company's reputation and market share in the green steel sector.

    As of October 2025, the competitive trends in the US Green Steel Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in achieving sustainability goals and enhancing operational efficiencies. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability, reflecting the industry's shift towards a more sustainable and resilient future.

    Key Companies in the US Green Steel Market market include

    Industry Developments

    The US Green Steel Market has experienced significant developments recently, particularly with an emphasis on sustainability and carbon reduction. Companies like Nucor and Steel Dynamics have ramped up investments in green technologies, focusing on electric arc furnace steel production, which drastically lowers carbon emissions compared to traditional blast furnace methods. In September 2023, U.S. Steel announced plans to enhance its electric arc furnace capabilities, aligning with its commitment to reduce carbon emissions by 20% by 2030. Alcoa, recognized for its innovations in low-carbon aluminum production, is also exploring synergies between aluminum and steel manufacturing for enhanced sustainability.

    Regarding mergers and acquisitions, in August 2023, ClevelandCliffs completed its acquisition of a significant Ohio steel facility, which aims to bolster its position in the green steel sector. Meanwhile, Novelis has been expanding its recycling capabilities to support the circular economy model in steel production. Over the past two years, key developments include the groundbreaking of several new green steel plants and initiatives led by the American Iron and Steel Institute to promote advanced steelmaking technologies. The market is becoming increasingly competitive, with a strong focus on environmentally responsible production methods in line with government regulations and industry standards.

    Future Outlook

    US Green Steel Market Future Outlook

    <p>The US Green Steel Market is projected to grow at a 50.5% CAGR from 2024 to 2035, driven by sustainability initiatives, technological advancements, and regulatory support.</p>

    New opportunities lie in:

    • <p>Investment in carbon capture technologies for steel production</p>
    • <p>Development of green steel supply chain partnerships</p>
    • <p>Expansion into renewable energy-powered steel manufacturing facilities</p>

    <p>By 2035, the US Green Steel Market is poised for substantial growth and innovation.</p>

    Market Segmentation

    US Green Steel Market Form Outlook

    • Flat Steel
    • Long Steel
    • Steel Products

    US Green Steel Market Quality Grade Outlook

    • High Strength Steel
    • Low Alloy Steel
    • Stainless Steel

    US Green Steel Market End Use Industry Outlook

    • Construction
    • Automotive
    • Manufacturing
    • Energy

    US Green Steel Market Method of Production Outlook

    • Hydrogen-Based Reduction
    • Electrolysis
    • Biomass Direct Reduction
    • Recycling

    Report Scope

    MARKET SIZE 20242.386(USD Million)
    MARKET SIZE 20253.591(USD Million)
    MARKET SIZE 2035214.14(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR)50.5% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Million
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for sustainable construction materials drives innovation in the US Green Steel Market.
    Key Market DynamicsRising regulatory pressures and technological advancements drive the transition towards sustainable practices in the US Green Steel Market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author

    Chitranshi Jaiswal
    Research Analyst Level I

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith
    jane@domain.com

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM

    FAQs

    How much is the green steel market?

    The US Green Steel market size was valued at USD 2.39 Billion in 2024.

    What is the growth rate of the green steel market?

    US Green Steel Market is expected to grow with a CAGR of 50.5% in the period 2025-2035

    Who are the key players in the green steel market?

    The key players in the market are Ansteel Group (China), Boston Metal(U.S.), Cleveland-Cliffs (U.S.), H2 Green Steel(U.S.), Nippon Steel Corporation (Japan), China Baowu Group(China), ArcelorMittal(Luxembourg), Nucor Corporation (U.S.), Steel Dynamics, Inc. (U.S.), and United States Steel Corporation (U.S.).

    Which production technology led the green steel market?

    The renewable – electric arc furnace (R-EAF) category dominated the market in 2024.

    Which application had the largest market share in the green steel market?

    The automotive category had the largest share in the market.

    What is the estimated market size of the US Green Steel Market in 2024?

    The US Green Steel Market is expected to be valued at 349.2 million USD in the year 2024.

    What is the expected CAGR for the US Green Steel Market from 2025 to 2035?

    The US Green Steel Market is anticipated to exhibit a compound annual growth rate of 25.344% from 2025 to 2035.

    Who are the key players in the US Green Steel Market?

    Major players in the US Green Steel Market include Clearway Energy, Nucor, ClevelandCliffs, and U.S. Steel.

    What market value is attributed to the Hydrogen-Based Reduction method in 2024?

    The Hydrogen-Based Reduction method is valued at 100.0 million USD in the year 2024.

    What is the expected market value for Recycling in the US Green Steel Market by 2035?

    The Recycling method is anticipated to reach a market value of 1220.0 million USD by the year 2035.

    What is the market size for Electrolysis in 2024?

    Electrolysis is valued at 80.0 million USD in the US Green Steel Market for the year 2024.

    What growth opportunities exist within the US Green Steel Market?

    Opportunities in the US Green Steel Market are driven by increasing demand for sustainable steel production methods.

    What challenges does the US Green Steel Market face?

    Challenges within the US Green Steel Market include the high production costs associated with green steel technologies.

    How does the US Green Steel Market growth compare regionally?

    The US Green Steel Market is experiencing rapid growth, likely reflecting trends in sustainable practices and regulations in the region.

    Which production method in the US Green Steel Market is expected to have the highest valuation in 2035?

    Hydrogen-Based Reduction is expected to have the highest valuation of 1200.0 million USD in 2035.

    Who are the major players in the US Green Steel Market?

    Key players in the US Green Steel Market include Gerdau, ArcelorMittal, Steel Dynamics, and Nucor among others.

    What market size is attributed to the Recycling method of production in 2024?

    The Recycling method of production in the US Green Steel Market is valued at 109.2 million USD in 2024.

    What forecasted growth rate is expected for the Biomass Direct Reduction method through 2035?

    The Biomass Direct Reduction method is anticipated to grow to a market value of 800.0 million USD by 2035.

    What challenges does the US Green Steel Market currently face?

    The US Green Steel Market faces challenges related to production technology costs and market volatility.

    How does the current global scenario impact the US Green Steel Market?

    The current global scenario impacts the US Green Steel Market through heightened demand for sustainable production practices.

    1. EXECUTIVE SUMMARY
      1. 1.1.
      2. Market Overview
      3. Key Findings
      4. Market Segmentation
      5. 1.4.
      6. Competitive Landscape
      7. Challenges and Opportunities
      8. Future
      9. Outlook
    2. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research Objective
        2. Assumption
        3. Limitations
    3. RESEARCH METHODOLOGY
      1. Overview
      2. 3.2.
      3. Data Mining
      4. Secondary Research
      5. Primary Research
        1. Breakdown of Primary
      6. 3.4.1.
      7. Primary Interviews and Information Gathering Process
      8. Respondents
      9. Forecasting Model
      10. Market Size Estimation
        1. Top-Down Approach
      11. 3.6.1.
      12. Bottom-Up Approach
      13. Data Triangulation
      14. Validation
    4. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    5. MARKET
    6. FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter's Five Forces
        1. Bargaining Power of Suppliers
        2. Bargaining Power
        3. Threat of New Entrants
        4. Threat of Substitutes
        5. Intensity of Rivalry
      3. Analysis
      4. of Buyers
      5. COVID-19 Impact Analysis
        1. Regional Impact
        2. Opportunity and
      6. 5.3.1.
      7. Market Impact Analysis
      8. Threat Analysis
    7. US GREEN STEEL MARKET, BY METHOD OF PRODUCTION
      1. (USD MILLION)
      2. Hydrogen-Based Reduction
      3. Electrolysis
      4. 6.3.
      5. Biomass Direct Reduction
      6. Recycling
    8. US GREEN STEEL MARKET, BY
      1. END USE INDUSTRY (USD MILLION)
      2. Construction
      3. Automotive
      4. Manufacturing
      5. Energy
    9. US GREEN STEEL MARKET, BY FORM (USD
      1. MILLION)
      2. Flat Steel
      3. Long Steel
      4. Steel Products
    10. US GREEN STEEL MARKET, BY QUALITY GRADE (USD MILLION)
      1. High Strength
      2. Steel
      3. Low Alloy Steel
      4. Stainless Steel
    11. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market share Analysis
      4. Major Growth Strategy in the Green
      5. Steel Market
      6. Competitive Benchmarking
      7. Leading Players in
      8. Terms of Number of Developments in the Green Steel Market
      9. Key developments
        1. New Product Launch/Service Deployment
        2. Joint Ventures
      10. and growth strategies
      11. 10.7.2.
      12. Merger & Acquisitions
      13. Major Players
        1. Sales and Operating Income
        2. Major Players
      14. Financial Matrix
      15. R&D Expenditure. 2023
    12. COMPANY PROFILES
      1. Gerdau
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. 11.1.1.
      3. Financial Overview
      4. ArcelorMittal
        1. Financial Overview
        2. Products Offered
        3. Key
        4. SWOT Analysis
        5. Key Strategies
        6. Financial Overview
        7. Products Offered
        8. Key Developments
        9. SWOT Analysis
        10. Key Strategies
      5. Developments
      6. 11.3.
      7. Green Steel Solutions
      8. Steel Dynamics
        1. Financial Overview
        2. Products
        3. Key Developments
        4. SWOT Analysis
      9. Offered
      10. 11.4.5.
      11. Key Strategies
      12. ClevelandCliffs
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      13. Liberty Steel
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
        5. Key Strategies
      14. Analysis
      15. Nucor
        1. Financial
        2. Products Offered
        3. Key Developments
        4. Key Strategies
      16. Overview
      17. 11.7.4.
      18. SWOT Analysis
      19. Cascadia Carbon
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      20. 11.8.1.
      21. Financial Overview
      22. New Steel
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      23. EcoSteel
        1. Financial Overview
        2. Products Offered
        3. Key
        4. SWOT Analysis
        5. Key Strategies
        6. Financial Overview
        7. Products Offered
        8. Key Developments
        9. SWOT Analysis
        10. Key Strategies
      24. Developments
      25. 11.11.
      26. U.S. Steel
      27. Novelis
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key
      28. Strategies
      29. Commercial Metals Company
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
        5. Key Strategies
      30. Analysis
    13. APPENDIX
      1. References
      2. Related Reports
    14. LIST OF TABLES
    15. LIST OF ASSUMPTIONS
    16. US GREEN STEEL MARKET SIZE ESTIMATES & FORECAST, BY METHOD OF
      1. PRODUCTION, 2019-2035 (USD BILLIONS)
    17. US GREEN STEEL MARKET SIZE ESTIMATES
      1. & FORECAST, BY END USE INDUSTRY, 2019-2035 (USD BILLIONS)
    18. US
    19. GREEN STEEL MARKET SIZE ESTIMATES & FORECAST, BY FORM, 2019-2035 (USD BILLIONS)
    20. US GREEN STEEL MARKET SIZE ESTIMATES & FORECAST, BY QUALITY GRADE,
    21. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    22. ACQUISITION/PARTNERSHIP
    23. LIST OF FIGURES
      1. FIGURE
    24. MARKET SYNOPSIS
    25. US GREEN STEEL MARKET ANALYSIS BY METHOD OF PRODUCTION
    26. US GREEN STEEL MARKET ANALYSIS BY END USE INDUSTRY
      1. FIGURE
    27. US GREEN STEEL MARKET ANALYSIS BY FORM
    28. US GREEN STEEL MARKET
      1. ANALYSIS BY QUALITY GRADE
    29. KEY BUYING CRITERIA OF GREEN STEEL MARKET
    30. RESEARCH PROCESS OF MRFR
    31. DRO ANALYSIS OF GREEN STEEL
      1. MARKET
    32. DRIVERS IMPACT ANALYSIS: GREEN STEEL MARKET
      1. FIGURE
    33. RESTRAINTS IMPACT ANALYSIS: GREEN STEEL MARKET
    34. SUPPLY / VALUE
      1. CHAIN: GREEN STEEL MARKET
    35. GREEN STEEL MARKET, BY METHOD OF PRODUCTION,
    36. GREEN STEEL MARKET, BY METHOD OF PRODUCTION, 2019
      1. TO 2035 (USD Billions)
    37. GREEN STEEL MARKET, BY END USE INDUSTRY,
    38. GREEN STEEL MARKET, BY END USE INDUSTRY, 2019 TO
    39. GREEN STEEL MARKET, BY FORM, 2025 (% SHARE)
    40. GREEN STEEL MARKET, BY FORM, 2019 TO 2035 (USD Billions)
      1. FIGURE
    41. GREEN STEEL MARKET, BY QUALITY GRADE, 2025 (% SHARE)
    42. GREEN
    43. STEEL MARKET, BY QUALITY GRADE, 2019 TO 2035 (USD Billions)
    44. BENCHMARKING
      1. OF MAJOR COMPETITORS

    US Green Steel Market Segmentation

     

     

     

    • Green Steel Market By Method of Production (USD Million, 2019-2035)
      • Hydrogen-Based Reduction
      • Electrolysis
      • Biomass Direct Reduction
      • Recycling

     

    • Green Steel Market By End Use Industry (USD Million, 2019-2035)
      • Construction
      • Automotive
      • Manufacturing
      • Energy

     

    • Green Steel Market By Form (USD Million, 2019-2035)
      • Flat Steel
      • Long Steel
      • Steel Products

     

    • Green Steel Market By Quality Grade (USD Million, 2019-2035)
      • High Strength Steel
      • Low Alloy Steel
      • Stainless Steel
    Infographic

    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Get Free Sample

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne

    Founder
    Case Study
    Chemicals and Materials